WATCH ABOVE: Irving Oil is about to undertake the largest oil refinery turnaround project in the company’s history, which will bring money and jobs to Saint John. Global’s Andrew Cromwell reports.
SAINT JOHN – Irving Oil has announced a $200-million maintenance project that will employ almost 3,000 people.
Canada’s largest oil refinery announced the details of the project Thursday morning, calling it the largest maintenance project in the company’s history. The company has also said it will be one of the largest private sector investments in Canada this year.
The company has dubbed the project Operation Falcon, an eight-week turnaround project to upgrade the refinery which they say is the equivalent to 800 year-long jobs.
The influx has the potential to create $27 million in direct spin offs for the city of Saint John, N.B., the company said.
Officials say the project is not directly related to the Energy East Pipeline.
Premier Brian Gallant said on Wednesday that the Irving project is a private sector investment, without government funding.
The project will begin Sept. 16.
The Irving Oil refinery opened in 1960 and produces more than 300,000 barrels of refined product each day.
The facility has been upgraded numerous times over the years, including a $1.5 billion project in 2000.
With files from Global News’ Andrew Cromwell and The Canadian Press